scorecardresearchGlobal central banks lift rates by nearly 1,200 basis points in July: Report

Global central banks lift rates by nearly 1,200 basis points in July: Report

Updated: 04 Aug 2022, 11:45 AM IST
TL;DR.
The Fed delivered its second straight 75-basis-point rate hike. New Zealand delivered its sixth straight interest rate rise. Back in India, the RBI has raised interest rates by 90 basis points so far in 2022.
The Fed delivered its second straight 75-basis-point rate hike, reinforcing its commitment to contain red-hot inflation running at 40-year highs.

The Fed delivered its second straight 75-basis-point rate hike, reinforcing its commitment to contain red-hot inflation running at 40-year highs.